Tag: Empire of Debt

The Real Debt Problem

Guest Post by Paul Craig Roberts

Someone sent me an article from something called Patriot Alerts, “Morgan Stanley Sounds Alarm On ‘Death Of US Dollar.’”

The death of the US dollar is not blamed on the Federal Reserve printing trillions of new fiat currency during the years of Quantitative Easing in order to bail out the difficulties of the 5 large banks. It is not blamed on the thoughtless US sanctions imposed on Russia, Iran, and other countries, the only effect of which is to encourage countries to abandon the dollar based system, thus causing a drop in the demand for dollars and US Treasury debt.

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Give Me Liberty or Give Me Debt

Guest Post by Jeff Thomas

Some people are more observant than others. Some are more capable of thinking outside the box than others. Whether this is by nature or nurture is a moot point.

When we are children, we tend to look upon the world in all its wonder. We are amazed at what exists and we absorb it like a sponge. Then, when we are in our teens, we begin our second wave of discovery. We begin to pay more attention to the things that we find confusing; we become absorbed in issues like world hunger, warfare and political strife. These situations seem senseless and we repeatedly ask, “Why should these things be?”

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A STRANGE GAME (PART TWO)

In Part One of this article I laid out the dire situation we find ourselves facing, as the illegitimate Biden administration inflicts the coup de grace to our dying empire of debt. I will now provide a possible framework of resistance and methods of undermining the corrupt pillaging system we call government.

Image result for coming civil war

The concept of passive resistance has existed in various forms for centuries and has been used effectively in toppling enemies. A few weeks ago I was introduced to a concept I had never heard before in Doug Lynn’s article  Fair is Foul and Foul is Fair: Hover Through the Fog and Filthy Air. The passage below references “Irish Democracy” as a method for bringing an authoritarian regime to their knees.

More regimes have been brought, piecemeal, to their knees by what was once called “Irish Democracy”—the silent, dogged resistance, withdrawal, and truculence of millions of ordinary people—than by revolutionary vanguards or rioting mobs.

The premise behind “Irish Democracy” is that the State lacks the enforcement power to have its way with millions upon millions of rebels. It’s Mohandas Gandhi’s strategy, albeit without his overt confrontations with the institutions of government. “You can ignore the State and do as you please, as long as you keep your head down.”

Removing the overt confrontations makes “Irish Democracy” much safer than any other form of rebellion. The State needs conspicuous, targetable rebels. It cannot use terror of its forces without someone to turn into an “example.” No conspicuous rebels means nothing for the State to crucify for the edification of the public.

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The Great Canadian Shoe Heist

Guest Post by Bill Bonner

POITOU, FRANCE – Yesterday, when the Chinese woke up and heard The Donald threatening to impose an import tax on Chinese-made goods, they practically fell out of bed.

There’s a 10% daily circuit-breaker limit in the Chinese stock market. As the name suggests, when stocks fall too far, too fast, they flip a “circuit breaker.” Trading stops to stem the losses.

By the end of the day, more than 1,000 Chinese stocks had hit it.

U.S. investors were worried, too. Our message for today: They should be.

After falling for five days in a row, the Dow slid almost 200 points yesterday. By our reckoning, the primary trend for stocks is down.

If we’re right, stocks will probably not hit January’s high – above 26,600 – again in our lifetimes. At least, not in real terms. When hyperinflation gets underway – as we expect it will in a few years – who knows what will happen.

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